Anytime a business partnership needs to dissolve, there are important legal considerations that need to be taken into account. If your business partner has decided to end your partnership and leave the business, here’s what you need to know.
Does your business consist of just 2 owners?
If your business only has 2 owners – your partner and yourself – then you may have to dissolve the partnership entirely. This is because under California law, a business can’t be a partnership if it only has one owner. There are many factors to consider when deciding whether to pursue the establishment of a sole proprietorship under various corporate structures.
Attorney Torrence L. Howell specializes in business law, and he’d be happy to walk you through all the options that may be open to you at any given time in your business’ history. He’ll provide you with specialized advice that’s tailored to your exact situation, and guide you through all the necessary legal options. Schedule a free intial consultation now by calling (909) 920-0908 or emailing info@torrencelhowelllaw.com. His office is conveniently located in Upland, CA, and night and evening appointments are often available upon request.
Got a new business partner?
If you’ve already found a replacement business partner, there are certain legal options available to you according to this situation. Attorney Howell will definitely need to be retained to provide you with expert legal advice and guidance during this transitional time. He will facilitate the sale of the old partner’s shares to the new partner, and ensure the responsibilities of all partners (current and former) are clearly explained in a legally binding document. Having Attorney Howell on your side during any legal situation that arises during the lifetime of your business is extremely helpful.
Your Upland, CA business lawyer
Anytime you need a business lawyer in the Upland, CA, area, call Attorney Torrence L. Howell. Every new client is entitled to a free initial case evaluation. At that appointment, you’re welcome to ask any questions you have and receive sound legal advice according to your situation. When it comes to business matters, you need to find someone you can really trust. Attorney Howell has been practicing business law for over 29 years, and has a proven track record of excellence.
Before scheduling your first appointment, it may be helpful to check out most frequently asked questions and their corresponding answers from the law offices of Torrence L. Howell. Check them out here! Attorney Howell are always looking for ways to serve his clients and potential clients better, and this page is a key part of that ongoing effort.
Call (909) 920-0908 or email info@torrencelhowelllaw.com to meet with Attorney Howell about your business law matter ASAP!